On March 28, Benin approved with the World Bank, a financing of 30 million dollars. This is part of the classified forest development project launched in 2019.
FALCO VIGNON
30 million dollars, the equivalent of nearly 18 billion (17,955,000,000) FCFA, is the amount granted by the World Bank to Benin. This fund will be used to strengthen the sustainable management of classified forests. A $30 million financing agreement was approved on March 28. The announcement was made on March 28, 2023 by the Breton Woods institution. This additional financing would in fact make it possible to improve the results of the project for the development of classified forests in Benin and then contribute, on the other hand, to the achievement of the initial objective of the project, namely, to restore 22,000 hectares of forest while ensuring integrated management of classified forests. According to Atou Seck, resident representative of the World Bank in Benin, this additional financing will make it possible to “relaunch innovative activities such as the promotion of intensive, sustainable and environmentally friendly agriculture and the development of non-timber forest product sectors. , such as shea”. “Overall, it will strengthen the value chains on which a large part of the population depends for their survival,” he continued. It should be noted that under this project, the World Bank previously had to grant $22 million to the communities living around the eight classified forests in order to encourage “large-scale” reforestation. Thanks to this project, more than 33,700 direct and indirect jobs have been facilitated by the Bank.
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